Cubist Systematic Strategies LLC Takes Position in Canada Goose Holdings Inc. (NYSE:GOOS)

Cubist Systematic Strategies LLC bought a new position in Canada Goose Holdings Inc. (NYSE:GOOS) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 26,155 shares of the company’s stock, valued at approximately $338,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Canada Goose by 17.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,725 shares of the company’s stock worth $177,000 after buying an additional 2,002 shares during the period. Silvercrest Asset Management Group LLC raised its stake in Canada Goose by 0.5% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 605,050 shares of the company’s stock worth $7,297,000 after acquiring an additional 2,752 shares during the period. Strategic Wealth Partners Ltd. raised its stake in Canada Goose by 10.0% during the 1st quarter. Strategic Wealth Partners Ltd. now owns 71,126 shares of the company’s stock worth $858,000 after acquiring an additional 6,442 shares during the period. GAM Holding AG lifted its holdings in Canada Goose by 50.9% during the second quarter. GAM Holding AG now owns 25,000 shares of the company’s stock valued at $323,000 after purchasing an additional 8,430 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Canada Goose by 94.3% in the second quarter. American Century Companies Inc. now owns 27,403 shares of the company’s stock worth $354,000 after purchasing an additional 13,300 shares during the period. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on GOOS. Barclays lowered their target price on shares of Canada Goose from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Wedbush initiated coverage on Canada Goose in a research report on Friday, July 19th. They issued an “outperform” rating on the stock. Raymond James cut Canada Goose from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 23rd. Finally, UBS Group lowered their price target on Canada Goose from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $14.07.

Canada Goose Stock Performance

NYSE:GOOS opened at $11.85 on Monday. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 32.03, a PEG ratio of 0.64 and a beta of 1.32. Canada Goose Holdings Inc. has a 1 year low of $9.80 and a 1 year high of $14.75. The stock’s 50 day simple moving average is $11.14 and its two-hundred day simple moving average is $11.92. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.14 and a quick ratio of 0.63.

Canada Goose (NYSE:GOOS) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.58) earnings per share for the quarter, topping the consensus estimate of ($0.60) by $0.02. Canada Goose had a net margin of 4.66% and a return on equity of 25.63%. The company had revenue of $64.39 million for the quarter, compared to analysts’ expectations of $63.47 million. As a group, equities analysts anticipate that Canada Goose Holdings Inc. will post 0.84 earnings per share for the current fiscal year.

About Canada Goose

Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.